Dekeloil Public Limited Announces Production Results for the Year Ended December 31, 2014; Provides Production Guidance for the Month January 2015; Provides Revenue Guidance for the Year 2014
The company expected to produce over 2,000 tonnes of CPO in January 2015, which is more than 100% higher than production in December 2014 as logistic initiatives previously announced begin to take effect.
For the year 2014, the Company expected to report revenue of approximately 10 million and currently expects for it to be at or around break-even at the EBITDA level, largely due to lower volumes of FFB collected in the last quarter of 2014 with a weighting towards December, caused in part by the seasonal cycle of FFB maturity.